Many years ago, a very smart person said, “As one door closes, another opens.”
We couldn’t agree more, as today, February 18, marks the end of Elliott Wave International’s famous Futures Junctures FreeWeek AND the start of a world of opportunity in some of the most highly traded markets out there.
Off the top of our heads, here are just a few of the most promising picks that Daily & Monthly Futures Junctures editor Jeffrey Kennedy spotted in the last seven days THAT are only getting started NOW.
Corn-ucopia: In the February 10 Daily Futures Junctures, Jeffrey was "armed and dangerous. In a kernel shell, falling below a specific price point would signal more down to come for corn. One day later, prices breached the cited price support level and continued falling to two-month lows.
The Feel of Cotton: The February 11 Daily Futures Junctures presented THREE pieces of bearish “price evidence” and wrote: “Odds strongly favor that the decline will continue.” The steep sell-off to two-month lows that followed speaks for itself.
In the Cocoa: The February 12 Daily Futures Junctures saw this sweet market going sour and wrote: ‘Odds are that a tradable top is in place and that the upcoming move down will continue …” The downward slide since has taken cocoa to a one-month low.
Coffee Talk: The February 2009 Monthly Futures Junctures kicks off with a “Featured” market segment. Here, Jeffrey Kennedy devotes extra time and space to one market in particular whose wave patterns scream, "Look At Me!" In this case: Coffee. And, with five labeled price charts and three pages of commentary, Jeffrey grinds all the details to brew a strong and exciting picture for Coffee prices from here.
Crude Toil: Read through the following February 17 news items:
· First, crude rises in the morning: “Oil Up On ‘Supply Crunch’ Warnings.” (BBC)
· Second, crude plunges more than 8% to a new 2009 low: “Oil Falls Toward $34, Eyes Crude Stock Build.” (Reuters)
The February 13 Daily Futures Junctures “Weekly Wrap-up,” on the other hand, provided TWO clear – and consistent – close-ups of crude oil you won’t find anywhere else. (Online now, in the February 13 Daily Futures Junctures.)
Alphabetically, that's just the "C" markets. Over the course of Futures Junctures FreeWeek, EWI's chief commodity expert Jeffrey Kennedy alerted readers to the onset and resolution of many meaningful turns. Now, the latest Daily Futures Junctures and its long-term sister publication Monthly Futures Junctures pick up where the past seven days leave off -- revealing which commodities will land on the radar next.